Legal Entity Risk - Vice President

JPMorgan Chase

  • Central and Western District, Hong Kong
  • Permanent
  • Full-time
  • 1 month ago
Job Description:Great opportunity to support the APAC credit risk organization by being a part of the Wholesale Credit Risk Legal Entity risk teamJob Summary:As a Vice President of the Asia Pacific Wholesale Credit Risk Legal Entity team you will be responsible for a range of responsibilities covering the JPM legal entities (cross line of business) in the region such as portfolio management, standardization of local policies, alignment to firmwide credit processes, etc. The team partners closely with local credit officer teams, groups within the wider Wholesale Credit Risk organization and other functional stakeholders to review and drive the Wholesale Credit Risk agenda forward. This team is a part of a global private side team within the Wholesale Credit Risk organization.Job Responsibilities:
  • Portfolio management - portfolio monitoring and reporting at the Legal Entity & Regional level, including at legal entity risk committees and to senior management to provide regulatory updates
  • Liaising with local credit teams for the development of legal entity credit policy, including for standardization and transparency, as well as developing and controlling content in line with firmwide practices
  • Risk Appetite & portfolio limits determination, calibration and monitoring
  • Implementation of appropriate risk measures to capture and quantify credit exposures at portfolio level
  • Determination and review of regular and ad-hoc credit risk reporting
  • Stress testing and Internal Capital Adequacy Assessment Process (ICAAP) - review of periodic stress testing results and drive consistency across stress testing and/or ICAAP approaches in region, including alignment with firmwide narratives and other regulatory disclosures.
  • Support of IFRS 9 provisioning process, including facilitation of management adjustments relevant for the underlying Legal Entity portfolio
  • Work/lead the coordination and implementation of local regulatory requirements
  • Ensuring new activities and/or products are subject to adequate review and, where necessary, establish new procedures and controls prior to being introduced into the entity.
  • Work with Credit Risk SMEs and partners to ensure internal/external deliverables are met, focal point for Legal entity Credit matters and escalations
Required qualifications, capabilities, and skills :
  • Relevant experience in risk management or related discipline in a top tier peer bank
  • Product knowledge of credit and counterparty credit risk products including exposure, capital, stress testing preferred
  • Good understanding of the relevant local regulatory environment
  • Excellent partnership and teamwork skills, with ability to work closely with senior management and key stakeholder functions,
  • Sound organizational, control, project management, communication and negotiation skills
  • Fluency in Mandarin will be required given scope of legal entities covered including China
About Us: J.P. Morgan is a global leader in financial services, providing strategic advice and products to the world's most prominent corporations, governments, wealthy individuals and institutional investors. Our first-class business in a first-class way approach to serving clients drives everything we do. We strive to build trusted, long-term partnerships to help our clients achieve their business objectives.We recognize that our people are our strength and the diverse talents they bring to our global workforce are directly linked to our success. We are an equal opportunity employer and place a high value on diversity and inclusion at our company. We do not discriminate on the basis of any protected attribute, including race, religion, color, national origin, gender, sexual orientation, gender identity, gender expression, age, marital or veteran status, pregnancy or disability, or any other basis protected under applicable law. We also make reasonable accommodations for applicants' and employees' religious practices and beliefs, as well as mental health or physical disability needs. Visit our for more information about requesting an accommodation.About the Team: As part of Risk Management and Compliance, you are at the center of keeping JPMorgan Chase strong and resilient. You help the firm grow its business in a responsible way by anticipating new and emerging risks, and using your expert judgement to solve real-world challenges that impact our company, customers and communities. Our culture in Risk Management and Compliance is all about thinking outside the box, challenging the status quo and striving to be best-in-class. We also take great pride in on our commitment to operating with integrity and discipline in all that we do. If you are a team player, are solutions-oriented and have an appetite for learning, you'll be a great fit for our team.

JPMorgan Chase